Canada’s steel industry fears that Chinese steel facing steep tariffs in the United States will be sent north and overwhelm the Canadian market.

Under the new policy, Canada will apply a 25 percent tariff on steel imports from any country — except the U.S. — if the original steel was melted and poured in China.

Prime Minister Mark Carney says a fundamental shift in global steel markets will affect Canada more than many other countries because we rely more heavily on imports. He says there will be new tariffs on foreign imports over set quotas,

Mexican President Claudia Sheinbaum said on Wednesday that she had spoken with Canadian Prime Minister Mark Carney and that the two had agreed to strengthen trade collaboration, particularly in light of the tariffs from U.

Canada has quietly been working to cut a deal with its largest trading partner ahead of U.S. President Donald Trump’s Aug. 1 tariff deadline. For The National, CBC’s Jonathon Gatehouse breaks down what that agreement could look like — and what it could cost the country.

Mexican President Claudia Sheinbaum announced on Wednesday that she and Canadian Prime Minister Mark Carney have agreed to strengthen trade cooperation amid growing tensions over new U.S. tariffs set to take effect